SEC Form 4 · accession 0000899243-18-007889
Franklin Financial Network Inc. · FSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James W Cross IV
Director
Period of report
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 12:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001407067
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 15, 2018 | M | 450 | $10.00 | A | 21,450 | D | |
| Common Stock | Mar 15, 2018 | M | 900 | $10.50 | A | 22,350 | D | |
| Common Stock | Mar 15, 2018 | M | 2,175 | $12.00 | A | 24,525 | D | |
| Common StockF1 | Mar 15, 2018 | S | 3,525 | $32.66 | D | 21,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $10.00 | Mar 15, 2018 | M | 450 | D | — | Jul 22, 2020 | Common Stock | 450 | 0 | D |
| Stock Option (right to buy)F3 | $10.50 | Mar 15, 2018 | M | 900 | D | — | Jun 2, 2021 | Common Stock | 900 | 0 | D |
| Stock Option (right to buy)F4 | $12.00 | Mar 15, 2018 | M | 2,175 | D | — | Jun 1, 2022 | Common Stock | 2,175 | 0 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.60 to $32.80, inclusive. The reporting person undertakes to provide to Franklin Financial Network, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
- F2The option became exercisable as to 90 shares on July 22, 2011; 90 shares on July 22, 2012; 90 shares on July 22, 2013; 90 shares on July 22, 2014; and 90 shares on July 22, 2015.
- F3The option became exercisable as to 180 shares on June 2, 2012; 180 shares on June 2, 2013; 180 shares on June 2, 2014; 180 shares on June 2, 2015; and 180 shares on June 2, 2016.
- F4The option became exercisable as to 435 shares on June 1, 2013; 435 shares on June 1, 2014; 435 shares on June 1, 2015; 435 shares on June 1, 2016; and 435 shares on June 1, 2017.